Bitcoin has started recovering from the price correction of the last few days.

Ripple may take some more time to reach its target.

Bitcoin, after the last few days of struggle, has now risen and it is racing towards 10,000 USD currently. On the other hand, Ripple has not shown any signs of growth and still revolves around 0.26 USD. Here is an analysis of the price movement pattern of Ripple and Bitcoin against USD in the last 1 day. Below are the current statistics of both the coins.

Bitcoin – Ripple Price Statistics-

16th August 08:04 UTC

Bitcoin (BTC)

Ripple (XRP)

Rank

1st

3rd

ROI (Return on Investment)

7,244.34%

4,330.51%

Coin Circulation

17,879,475 BTC

42,890,708,341 XRP

Market Cap

178,229,193,856 USD

11,136,407,424 USD

Value in USD

9,907.99 USD

0.2584 USD

All-Time High

20,089 USD

3.84 USD

24h Volume

22,118,095,355 USD

1,169,247,146 USD

Bitcoin – Ripple Price Comparison-

BTC – XRP Price Chart

Bitcoin and Ripple have shared an almost similar path of price movement in the last 24 hours. Bitcoin lost 624 USD between 00:09 UTC and 06:24 UTC, on the other hand, Ripple, in the same period, was down by 6.10%. Both the coin experienced an unprecedented rise in the value which took Bitcoin to 10,434 USD and Ripple to 0.2682 USD by 22:31 UTC. The last swing lasted for almost the same minutes and Bitcoin lost 6.17% by 05:46 UTC whereas Ripple was down by 5.02% by the same time. Since then, both the coins have been strengthening marginally.

Bitcoin – Ripple Price Prediction-

Bitcoin has already started recovering from the price correction it faced a couple of days ago. But Ripple, as usually, will take some more days. However, in the long-term, both the coins are likely to justify their ranking and turnaround the situation of the whole market.